As the economies of Western Europe have grown more intertwined over the past few years, Russia has been left on the sidelines. Blocked out of NATO and the EMU even as both organizations creep ever closer to its western boarders, the once mighty superpower was quickly being boxed in and losing influence over former Cold War allies. However, Russia has experienced somewhat of a resurgence as of late and is seeking to regain its role on the world stage by further exercising its diplomatic and economic might. This is evidenced by the recent trade deal that was signed between the leaders of Russia, Kazakhstan, and Belarus, which is seen by many as a watershed event in.....
Closing 0.28% lower at 6,430.9 points, the KSE Index was the only composite in the GCC which lost on Thursday. Shares of United Gulf Bank (UGB) extended its decline, finishing 8.2% lower at KD0.280. During the first week of July, UGB shares were almost reduced by the same value they gained in June.
The Kuwait Stock Exchange (KSE) Index could not sustain its advance from Tuesday as selling pressure mounted regionally and globally at capital markets. The KSE Market or Price Index declined by 0.67% and finished at 6,543.2 points. Weak real estate firms weighed on the market, while the insurance sector was the only advancing segment. Kuwait Building Materials Manufacturing posted the largest advance, as it gained 7.143% (closing at KD0.375). As oil prices lost nearly six percent this week so far, shares of Kuwait Pipe Industries and Oil Services plummeted nine percent, ending at KD0.250. The KSE weakened 6.60% since the start of 2010.
TASHKENT, Uzbekistan, June 29, 2010 /PRNewswire/ -- Since the 10th of
June, when significant acts of violence largely against Uzbeks in the Kyrgyz
cities of Osh and Jalalabad began, Uzbekistan has opened its border to accept
some 80,000 refugees - mostly women, children and the elderly - and pro
Early this week, responding to thousands in need, stemming from recent violent clashes in southern Kyrgyzstan, Counterpart International released pre-positioned, disaster packages funded by the U.S. Department of State. Working with the U.S. Embassy and the Kyrgyz Ministries of Health and Emergency Situations, Counterpart has begun distributing disaster relief packages valued at more than $200,000 in Osh and Jalal-Abad, [PR.com]
WASHINGTON, June 17 /PRNewswire-USNewswire/ -- The United States supports international efforts to facilitate peace and order in the Kyrgyz Republic and the affected border regions of Uzbekistan and supports the provision of humanitarian assistance coordinated by the United Nations and the Organizat
Watching the deteriorating security situation in Kyrgyzstan, we have a Cold War reflex to forecast a new flash point between the U.S. and Russia. In reality, it's the opposite -- this remote and feeble Central Asian country is offering a new opportunity for Moscow and Washington to work as partners. "We are not in any way framing this as a zero-sum game," a senior administration official explained Tuesday. "On the contrary, we are very closely
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